A Consolidation Trade ($TDC)

via SMB Capital – Day Trading Blog:

During SMB’s most recent The PlayBook Checkup with Bella we discuss: A Consolidation Trade ($TDC). This is a basic intraday technical analysis pattern that every developing trader should learn. We discuss:

Who cares what $MS thinks about $TDC and how this should affect your trading? A 52-week high is more important than an intraday high in $SPY

A news pattern that can lead to a gap fill on the Open

How to put together an important longer-term technical level with a short-term technical level to improve your win rate

See the slide show of this trade in Power Point SMB PlayBook Template form here.

Watch the video of this presentation below.

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For more info: A Consolidation Trade ($TDC)

SMB Capital – Day Trading Blog

A Consolidation Trade ($TDC)

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